Comparative financial statement data for Carmono Company follow:

$\backslash$table$[[,$This Year,Last Year$],[$Assets$,$$$13\mathrm{.}50,$$$26\mathrm{.}00],[$Cash$,74\mathrm{.}00,67\mathrm{.}00],[$Accounts receivable,$122\mathrm{.}50,110\mathrm{.}40],[$Inventory$,210\mathrm{.}00,203\mathrm{.}40],[$Total current assets,$267\mathrm{.}00,218\mathrm{.}00],[$Property$,$ plant, and equipment,$55\mathrm{.}20,41\mathrm{.}40],[,$ Less accumulated depreciation,$211\mathrm{.}80,176\mathrm{.}60],[$Net property, plant, and equipment,$$421\mathrm{.}80,$$$380\mathrm{.}00],[$Total assets,,$],[$Liabilities and Stockholders' Equity,$$73\mathrm{.}50,$$$58\mathrm{.}00],[$Accounts payable,$166\mathrm{.}00,127\mathrm{.}00],[$Common stock,$182\mathrm{.}30,195\mathrm{.}00],[$Retained earnings,$$421\mathrm{.}80,$$$380\mathrm{.}00],[$Total liabilities and stockholders' equity,,$]]$

For this year, the company reported net income as follows:

$\backslash$table$[[$Sales$,$$$1,450\mathrm{.}00],[$Cost of goods sold,$870\mathrm{.}00],[\backslash$table$[[$Gross margin$],[$Selling and administrative expenses$]],\backslash$table$[[580\mathrm{.}00],[560\mathrm{.}00]]],[$Net income,$$20\mathrm{.}00]]$

This year Carmono declared and paid a cash dividend. There were no sales of property, plant, and equipment during this year. The company did not repurchase any of its own stock this year.

Required:

Using the indirect method, prepare a statement of cash flows for this year.

Compute Carmono's free cash flow for this year.

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